The former CEO, who stepped down from that role last summer, severs his last ties to the company.
Shareholder advisory firms urge shareholders to protest Yahoo CEO's $71 million salary package by voting against re-election of three board members.
The former chief is is reportedly banking on his Internet experience at Yahoo to bolster IMG's Internet operations and media offerings.
There's no small irony in Terry Semel's suggestion last week that Jerry Yang "think hard about being our CTO."
The company names co-founder Jerry Yang to be CEO, as Terry Semel shifts to a role as nonexecutive chairman.
Insert your own punch line here. The New York Times says they were chatting at the Sun Valley conference, but we don't know what they said.
After six years, Terry Semel is stepping aside as Yahoo's CEO and Jerry Yang is taking the reins.
As Hewlett-Packard stock prices beat Wall Street's expectations this year, the company's CEO is in line for a major raise.